A mortality charge is the cost of pure life insurance, which is based on experience tables developed by actuaries and on actual mortality experiences. Each life insurance company has their own mortality charges based off information from these tables. The difference in mortality charges among life insurance companies can have a greater impact on a policy’s performance than any interest return or dividend.Read More
Upon first inspection, reentry term life insurance may seem like an attractive option for certain groups of people.
In a nutshell, reentry term life provides two different premium schedules and charges a lower premium based on mortality rates. For a younger person in excellent health, reentry term can provide an affordable option for life insurance.Read More
The American Cancer Society is calling attention to new data showing that fewer people have been dying of cancer in recent decades.
The organization said that since the declaration of a “war on cancer” in 1971, improvements have been fueled by a decline in tobacco use, as well as increased screening procedures and what was described as “modest to large improvements in treatment” for various types of cancer.Read More
Age is an important factor when it comes to pricing life insurance, because let’s face it, the older you are the higher the chance you may become sick or die. There are limitations on the age that a person can take out a policy, but as people continue to live longer, some insurers have increased their insurable ages up to the age of 90 or 95.Read More
Some common behavior may actually decrease people’s life expectancy, causing a higher medical costs and insurance rates.Read More